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Dec 20, 2012
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in fact, they both occurred over the last decade was in germany. germany has extremely strict begun control laws. people talk about bans on semiautomatic weapons. you have to undergo two psychological screening tests. both the examples given -- >> i understand. i think everything should be on the table. i don't have a gun, i don't have a bushmaster, i don't know why someone needs 30 rounds necessarily in a magazine, if you're gougt and hunting deer. you make the point these are hunting guns made to look like military guns but they don't have the features of military guns, is that your point? >> that's right. they ban guns based upon how they look, rather than how they function. semiautomatics, one pull of the trig, one bullet comes out. semiautomatics do lots of harm. but the problem is we have to realize that has both costs and benefits. we see the costs here but the benefits are let's say you were attacked by two criminals. would you want to have a gun where you had to manually load the bullets in? if you had a rifle had the pull the bolt back, y
in fact, they both occurred over the last decade was in germany. germany has extremely strict begun control laws. people talk about bans on semiautomatic weapons. you have to undergo two psychological screening tests. both the examples given -- >> i understand. i think everything should be on the table. i don't have a gun, i don't have a bushmaster, i don't know why someone needs 30 rounds necessarily in a magazine, if you're gougt and hunting deer. you make the point these are hunting...
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Dec 18, 2012
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germany is up, the ftse is up, the france, the cac in france has turned slightly down. but, again, this is a marginal loss of about three points. most of the major asian stock markets were higher overnight. and among the catalyst here, signs that china's recovery is gaining traction. sources say that the bank of japan will ease monetary policy this week and consider adopting a 2% inflation target no later than january. policymakers are seen responding to pressure from the incoming prime minister there. shinzo abe for stronger efforts to beat deflation. in the meantime, india's central bank kept interest rates on hold yesterday ignoring pressure to reduce borrowing costs. policymakers said they were shifting the focus to reducing the economy and that raises the odds of a rate cut as early as january. andrew olson, over to you. >> ubs reportedly nearing a fine of up to $1.5 billion. the bank is close to finalizing a deal with regulators according to the financial times. about three dozen bankers and senior managers are said to face criminal or civil charges. >>> and it's
germany is up, the ftse is up, the france, the cac in france has turned slightly down. but, again, this is a marginal loss of about three points. most of the major asian stock markets were higher overnight. and among the catalyst here, signs that china's recovery is gaining traction. sources say that the bank of japan will ease monetary policy this week and consider adopting a 2% inflation target no later than january. policymakers are seen responding to pressure from the incoming prime...
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Dec 31, 2012
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. >> look at germany. a lot of -- >> hong kong, germany, you name it. >> germany up 29% year-to-date. that has a lot to do with the ucb and the eurozone. this is a relative gain. lost in this conversation for a lot of u.s. investors, they are u.s. investors. they can't really invest globally to the same degree that we talk about, we say germany is up 29%, for a lot of investors that's out of their reach. >> if we didn't have the cliff today, we would have best trades of the year, jamie dimon buying jpmorgan when the whale hit. things looked really dark. some of the best trades happened obviously when it looked like the stocks were in for real trouble. >> look at the greek stock market. look at greek debt. i think it was third point that established a prominent position in greek debt and saw x number of returns thereafter. >> draw the lessons to today. as we teeter on the cliff, what would be the fear trade that people are shunning right now but may turn out to be the best trade looking back? >> i think it'
. >> look at germany. a lot of -- >> hong kong, germany, you name it. >> germany up 29% year-to-date. that has a lot to do with the ucb and the eurozone. this is a relative gain. lost in this conversation for a lot of u.s. investors, they are u.s. investors. they can't really invest globally to the same degree that we talk about, we say germany is up 29%, for a lot of investors that's out of their reach. >> if we didn't have the cliff today, we would have best trades of...
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Dec 11, 2012
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for instance, germany is looking pretty pessimistic. based on its lack of export performance to places like china. >> yeah. when the bundes bank came out and shortly downgraded forecasts, how is the employment picture? if you've got a relatively healthy china and the u.s. consumer bounce back, wouldn't that help germany? >> it certainly would. germany is relatively flat in terms of the employment outlook. so it's not a disaster. but germany trades an awful lot with europe as well as china. so it needs china to pick up in terms of its heavy engineering export performance, creating jobs in the manufacturing sector. but germany and the uk need europe to improve. >> it comes at an inkrd eblly high cost in terms of the number of people out of work. what has been done? how much have we destroyed so that the jobs outlook and growth prospect in this country? >> well, what growth prospect in the southern european countries? we're seeing definitive bifurcation of northern europe and southern europe. southern europe, we are creating an underclass
for instance, germany is looking pretty pessimistic. based on its lack of export performance to places like china. >> yeah. when the bundes bank came out and shortly downgraded forecasts, how is the employment picture? if you've got a relatively healthy china and the u.s. consumer bounce back, wouldn't that help germany? >> it certainly would. germany is relatively flat in terms of the employment outlook. so it's not a disaster. but germany trades an awful lot with europe as well as...
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Dec 19, 2012
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tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#: 1-800-345-2550 plus, i can talk to their global specialists 24/7. tdd#: 1-800-345-2550 and trade in my global account commission-free tdd#: 1-800-345-2550 through march 2013. tdd#: 1-800-345
tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an...
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Dec 28, 2012
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if you take germany, why did they change their minds? obviously, there were safety concerns, but more importantly, it was to do with the ballot box. there was quite a lot of opposition from the public in germany, people out on the streets protesting against nuclear. at the end of the day, the politicians decided to take what i consider to be a political path rather than an economic one. >> i don't think we would describe it as positively rosy just yet. we're saying that the storm clouds are lifting. but as you're hinting, there are still some big question marks about economic growth in 2013, particularly in the euro area where we're not expecting very much more than a flat economy at best. gdp growth is only a small part of the story. a lot depends on what's priced in to begin with. how the news flow compares with those expectations. underlying levels of valuations flow into funds. we think that looking at things in the round, even though there isn't much growth in europe, we're expecting european stock markets to do quite well again. >>
if you take germany, why did they change their minds? obviously, there were safety concerns, but more importantly, it was to do with the ballot box. there was quite a lot of opposition from the public in germany, people out on the streets protesting against nuclear. at the end of the day, the politicians decided to take what i consider to be a political path rather than an economic one. >> i don't think we would describe it as positively rosy just yet. we're saying that the storm clouds...
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Dec 27, 2012
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. >>> and germany's latest exports seems to be recession proof. it's a tradition dating back to the middle ages, but germany's christmas markets are more popular than ever. nbc's andy eckh artson sends this report. >> every december, music rix out across girlny's favorite christmas market. berlin alone hosts more than 80 markets, each with its own character where the sights, sounds and smells of christmas combine to keep your financial crisis at bay. >> we don't feel a crisis. when you look around here at the christmas market, you meet so different people from germany and it's so popular to come to berlin. christmas season is present season. >> over the past 20 years, germany's christmas markets have become a big attraction and big business. analysts estimate that the german christmas market industry brings in billions of dollars annually. for many small businesses and traditional craftsmen, the markets are the main source of income for the year. makia, one of only ten mammoth ivory carvers in germany has seen his annual turnover grow since 2003.
. >>> and germany's latest exports seems to be recession proof. it's a tradition dating back to the middle ages, but germany's christmas markets are more popular than ever. nbc's andy eckh artson sends this report. >> every december, music rix out across girlny's favorite christmas market. berlin alone hosts more than 80 markets, each with its own character where the sights, sounds and smells of christmas combine to keep your financial crisis at bay. >> we don't feel a...
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Dec 19, 2012
12/12
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in germany what you see is a reaction from the euro. we've been trading actually fairly strong all morning. 1.30 to 2.47. it was 1.32 42 before the numbers hit the wires. we have quite a bit of support for the euro because of the s.a.p. upgrade on greece and the situation over there. we'll see also the way the market is reacting. let's have a quick look at what the dax is doing. it's been perky, up 0.15%. trading toward the 7,665 level. >> patricia, this comes at a time when people have been focusing on the strength of the euro. as we're over the 1.32 level you mentioned, certainly member countries would like to see a weaker currency. but as long as the surveys hold consistent with strength in the german economy, we're not likely to see that weakening. >> no. absolutely. and the more we get over the entire question will the euro break up or not, as long as that happens we will have some more support in the euro which is not bad if you think about the quantitative easing we've seen in the eurozone and also inflation. that could be the co
in germany what you see is a reaction from the euro. we've been trading actually fairly strong all morning. 1.30 to 2.47. it was 1.32 42 before the numbers hit the wires. we have quite a bit of support for the euro because of the s.a.p. upgrade on greece and the situation over there. we'll see also the way the market is reacting. let's have a quick look at what the dax is doing. it's been perky, up 0.15%. trading toward the 7,665 level. >> patricia, this comes at a time when people have...
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Dec 31, 2012
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germany, switzerland, germany and austria. for the bourses that are open, we can take a look at performance this morning and then we'll take a look over at the bond wall. the ftse 100 is down about .4%. ibex down .5%. not a clear picture. definitely mixed trade as people look to close out the year. the bond wall gives the sense for what kind of wall dominates. we're seeing bond yields move higher. investors are exiting the asset class today. italy around the 4.5% level. we've seen these predominant for several weeks and likely a quick check on forrus. the yen, an important one to keep an eye on, as well. dollar/yen firmer, continuing the patterns that we've seen over the last couple of trading sessions. for more on what to expect from markets today, we're joined by chris meyer, managing director and chief strategist from loop capital markets. chris, good morning. we wake up without a deal. what does that mean? what are you watching today? >> good morning, kelly. the thing i'm watching most specifically is the vix. i think the
germany, switzerland, germany and austria. for the bourses that are open, we can take a look at performance this morning and then we'll take a look over at the bond wall. the ftse 100 is down about .4%. ibex down .5%. not a clear picture. definitely mixed trade as people look to close out the year. the bond wall gives the sense for what kind of wall dominates. we're seeing bond yields move higher. investors are exiting the asset class today. italy around the 4.5% level. we've seen these...
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Dec 12, 2012
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potentially germany. we know with the xetera dax up .3%. and almost 30% this year. investors see if the euro project hangs together, it's going to mean renation in germany. that is some wage inflation, some price inflation. the public sector union verde, powerful union, along with some others with its contract up at the end of the year is asking, guys, for a 6.5% pay rise next year. it got about 2.5% for the last couple of years. it is on the public sector side but also an example of what kind of pay hikes we may see flowing through to the german economy. if that helps support spending, despite weak industrial production figures and concern about growth prospects, there may be some rebalancing toward the german consumer taking on more of the heavy lifting across the eurozone. so one to keep an eye on, guys. >> thank you very much. we shouldn't see that as the unions pressuring -- they probably are pressuring for higher wages, but there's been pressure on germany to drive more inflation in germany to help lift the southern part of europe. >> the outgoing president or
potentially germany. we know with the xetera dax up .3%. and almost 30% this year. investors see if the euro project hangs together, it's going to mean renation in germany. that is some wage inflation, some price inflation. the public sector union verde, powerful union, along with some others with its contract up at the end of the year is asking, guys, for a 6.5% pay rise next year. it got about 2.5% for the last couple of years. it is on the public sector side but also an example of what kind...
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Dec 3, 2012
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in germany, the dax up by 0.4% and ftse in london is up by a quarter percent. in asia overnight, you did see the hang seng down by about 1.2%. shanghai composite down, as well, down by 1%. in consider rea, the kospi up by 0.6%. oil prices have been a little weaker. down by about seven crept cents. and ten year note yielding 1.61%. that's been stuck in a tight range for quite a while. take a look at the dollar this morning. you'll see the euro at this point is still above 1.30, 1.3029 even though the dollar down across the board. dollar-yen at 82.10. gold prices this morning are up by about $8. as the fiscal cliff approaches, we're wondering what we can expect from the markets. our guest hosts again barry knapp and richard bernstein. barry, you're concerned about the direction the talks have taken. >> yeah, it's interesting as i actually traveled through europe last week, there is all this focus on the timing of getting a deal. but there is not nearly enough focus on what does the deal actually look like, what's the composition of the deal. and in fact the europ
in germany, the dax up by 0.4% and ftse in london is up by a quarter percent. in asia overnight, you did see the hang seng down by about 1.2%. shanghai composite down, as well, down by 1%. in consider rea, the kospi up by 0.6%. oil prices have been a little weaker. down by about seven crept cents. and ten year note yielding 1.61%. that's been stuck in a tight range for quite a while. take a look at the dollar this morning. you'll see the euro at this point is still above 1.30, 1.3029 even...
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Dec 13, 2012
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looking for confidence out of germany's ifo survey. if we can put it up on the screen, that would be a help as i'm working to get it up at the moment. as soon as we get the numbers on that front, i will bring them to you. looks like we're still waiting on that. in the meantime, send in your thoughts, questions and comments about the program to worldwide@cnbc.com. and the biggest news of the morning, we have a deal. after 14 hours of talkes and months of negotiations, an agreement has been reached on a pan european banking supervisor. european finance ministers say they've drawn up plans to allow the ecb to directly supervisor the three largest banks in each country except for the uk and sweden which have both opted out. european leaders need to give their seal of approval and silvia wadhwa is in brussels with the latest. sylvia, it sounds like the meeting went into the late hours of the night. it sounds like the uk and sweden got their way. how significant is this agreement? >> the early hours of the morning. one may wonder whether tha
looking for confidence out of germany's ifo survey. if we can put it up on the screen, that would be a help as i'm working to get it up at the moment. as soon as we get the numbers on that front, i will bring them to you. looks like we're still waiting on that. in the meantime, send in your thoughts, questions and comments about the program to worldwide@cnbc.com. and the biggest news of the morning, we have a deal. after 14 hours of talkes and months of negotiations, an agreement has been...
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Dec 17, 2012
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if germany was in deep recession right now, that will force their hand. but at the end of the day, the housing market has recovery, you know, you can build a convincing case that germany at some point will see reasonably strong growth. but i think the markets look forward. i think if we get a recovery occurring in the eurozone, nkts look forward to 2014 and beyond. >> spain? >> for sure. >> when? >> probably in the second quarter. >> that's an interesting idea, all at once. david owens from jeffries, thank you so much for stopping by. >>> straight ahead, economic policies for next year and what is in store for markets if it mean slower, short-term growth? can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground at fedex of. >>> shinzo abe wastes no time on calling on the bank of japan to ease interest rates. >>> get a little, g
if germany was in deep recession right now, that will force their hand. but at the end of the day, the housing market has recovery, you know, you can build a convincing case that germany at some point will see reasonably strong growth. but i think the markets look forward. i think if we get a recovery occurring in the eurozone, nkts look forward to 2014 and beyond. >> spain? >> for sure. >> when? >> probably in the second quarter. >> that's an interesting idea, all...
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Dec 20, 2012
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but you do see a bit of a decline for germany and france and modest moves across all of these markets. the bank of japan easing monetary policy again today, announcing an increase of its asset buying and lending program by more than $118 billion. that move was widely expected as part of the reason that you had seen the yen under quite a bit of pressure, yesterday, at least. you'll see right now that in japan, the market there actually closed down by just over 1%, 1.2% almost. the hang seng and the shanghai composite were slightly higher. oil prices this morning, you'll see right now, are down by about 4 cents to $89.94, so you have things to pick up in those prices over the last couple of days. and the ten-year note at this point which yesterday was yielding above 1.8%, dropping down to 77.2%. finally, take a look at the dollar and gold. yen is at 83.99. gold prices this morning with all these movements in the currency markets up by about $1.10. >>> winter storm draco is moving across the united states threatening retailers and holiday travelers. paul, we know that sometimes the storm
but you do see a bit of a decline for germany and france and modest moves across all of these markets. the bank of japan easing monetary policy again today, announcing an increase of its asset buying and lending program by more than $118 billion. that move was widely expected as part of the reason that you had seen the yen under quite a bit of pressure, yesterday, at least. you'll see right now that in japan, the market there actually closed down by just over 1%, 1.2% almost. the hang seng and...
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Dec 5, 2012
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germany and france finance ministers expressing deeply different views. meanwhile, in britain, the chancellor george osborne is expected to downgrade the country's growth prospects when he delivers his autumn budget statement. he will be moving his head to parliament. we'll be heading out to westminster in around 15 minutes. steve cedric will give us more detail on what to expect from that statement and how u.s. corporates might also be impacted as well. there's been a ba big row about how much they pay. what's that the takeaway from international investors? if you're an international investor into the uk, what's the most important thing? >> well, in terms of the uk, i think what's interesting is probably kind of the slip between an economy which is not going anywhere, hasn't gone anywhere the past couple years and the chancellor will have to revise down his growth projections. but the funding needs of the uk government probably haven't increased very much because of the raid on the bang of england and the facilities. so the announcement we had a couple w
germany and france finance ministers expressing deeply different views. meanwhile, in britain, the chancellor george osborne is expected to downgrade the country's growth prospects when he delivers his autumn budget statement. he will be moving his head to parliament. we'll be heading out to westminster in around 15 minutes. steve cedric will give us more detail on what to expect from that statement and how u.s. corporates might also be impacted as well. there's been a ba big row about how much...
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Dec 5, 2012
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canada, germany, hong kong did better. it looks like improvement over last year's 24th place finish, it has changed methodology this year so year to year comparisons don't work. fighting corruption has not been a top priority in this country although the financial crisis is focused more attention on the issue that accounts for improvement. a couple of oil rich countries that we profiled earlier this year are among the most corrupt in the world. ranks 139th out of 176 countries and the tiny west african nation whose forestry manager finishes 163rd. you can find out more about them in an encore showing of our documentary filthy rich tomorrow night at 8:00 p.m. eastern on cnbc and more about this year's rankings of corrupt countries at cnbc.com. >> interesting, scott. especially when you look at some of these companies that are now embroiled with foreign practices act. if you were going to do business around the world, it's either play by some different rules or don't play at all. >> there is the global crackdown on that. you
canada, germany, hong kong did better. it looks like improvement over last year's 24th place finish, it has changed methodology this year so year to year comparisons don't work. fighting corruption has not been a top priority in this country although the financial crisis is focused more attention on the issue that accounts for improvement. a couple of oil rich countries that we profiled earlier this year are among the most corrupt in the world. ranks 139th out of 176 countries and the tiny west...
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293
Dec 6, 2012
12/12
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eye 293
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tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#: 1-800-345-2550 plus, i can talk to their global specialists 24/7. tdd#: 1-800-345-2550 and trade in my global account commission-free tdd#: 1-800-345-2550 through march 2013. tdd#: 1-800-345
tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an...
291
291
Dec 6, 2012
12/12
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best performer among those three indexes is the dax in germany. up 75. you also see gains with the cac in france and the ftse in london. in asia overnight, you did see slight drop by the hang seng and shanghai, those were big gainers the day before. and in japan, the nikkei up by 0.8%, kospi up 1%. oil prices this morning are trading up about 28 cents, 88.16. the ten year note this morning is sitting right at 1.85%. you to you see pressure on the yield. dollar down once again today. the yen at 82.37. and the euro at 1.30777. and gold prices at this point are up 1.20. $1659 and ounce. >> wonder what boehner and obama talked about on the phone. i think it went something like this. your mother! no, your mother. no, your mother. and then it went back and forth. your mother to infinity. >> no, i think what happened is we realize that there's been an awful lot of theatrics. >> you don't think they said your mother? >> no. >> you don't think they hurled insults at each other? >> no. >> actually, boehner was just a dial tone. you said i'm supposed to do what to
best performer among those three indexes is the dax in germany. up 75. you also see gains with the cac in france and the ftse in london. in asia overnight, you did see slight drop by the hang seng and shanghai, those were big gainers the day before. and in japan, the nikkei up by 0.8%, kospi up 1%. oil prices this morning are trading up about 28 cents, 88.16. the ten year note this morning is sitting right at 1.85%. you to you see pressure on the yield. dollar down once again today. the yen at...
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Dec 3, 2012
12/12
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. >> i'm wondering whether germany as we look at -- they're just above sort of recession territory at the moment. i'm wondering whether if they get better growth out of asia, that will offset the weakness that they're seeing in europe enough to keep them above the pencil line. >> what we've seen so far with today's numbers is exports are declining very sharp. they'll need asia and the u.s. to offset some of that demand weakness, but again, the biggest market for most is the euro zone. if the eurozone is performing badly, that will have a thok-on effect for those countries. >> there's a number of strategists saying after the u.s. has sort of led equities for most of the year, they're now saying europe is the place to be. from i think really the question you have to ask yourself is when cash, equities, credit, government bonds, where do you want to be. and equity in my mind mind is absolutely not. you need good growth numbers to justify the equity markets going up. now, i think there's a lot of investors looking at the yields on ghoechlt bonds or credits and that's motivating them to mo
. >> i'm wondering whether germany as we look at -- they're just above sort of recession territory at the moment. i'm wondering whether if they get better growth out of asia, that will offset the weakness that they're seeing in europe enough to keep them above the pencil line. >> what we've seen so far with today's numbers is exports are declining very sharp. they'll need asia and the u.s. to offset some of that demand weakness, but again, the biggest market for most is the euro...
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Dec 10, 2012
12/12
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not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback for from an day to receive additional buyback offers. those would be at deeply discounted prices and that would help lower the country's debt lead. >>> in asia, stocks touched a 16-month high and closed mostly higher on the session with good gains, as you can see, with the kospi up the most, 1.5 points. >> strong nebs out of china which suggest maybe the economy is rebounding more than expected. >> the exports. >> yeah. >> among the catalyst in asia trading today, economic stats out of china. export growths slowed sharply to 2.9% in december. that news j underscores the global headwinds dragging on the economy. but the chinese economy is showing solid signs of a pick up in domestic activity. industrial output was stronger than expected. the country has been saying for years it needs to shift a little bit from the export model the internal consumption. let their middle class grow and not be nearly as dependent on exports. and china's oil demand in
not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback for from an day to receive additional buyback offers. those would be at deeply discounted prices and that would help lower the country's debt lead. >>> in asia, stocks touched a 16-month high and closed mostly higher on the session with good gains, as you can see, with the kospi up the most, 1.5 points. >> strong nebs out of china which suggest maybe the economy...
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Dec 10, 2012
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let's mention germany. germany's going to contract in the fourth quarter. the trade data was weak. the bund bank lowered its forecast. we're also watching the greek bond buyback. they've extended the deadline to 5:00 a.m. new york time tomorrow, because they didn't get enough people offering to sell their bonds at that deep discount. those two stories, those two stories in the background. let's check the close. >> the european markets are closing now. >> well, you don't have to be einstein to work out there's a problem with italy that has moved on to spain. look at the lock on the italian market there. spain down also. mario monti announcing he will resign as prime minister having lost the support of silvio berlusconi's majority in parliament. so how bad is the political crisis? well, the sort of analysis we're getting out at the moment, certainly from jpmorgan, saying concerns may be overdone at this stage. you know, mario manatee may declare himself as a candidate for that earlier election. he could align himself with a later party and he could come back in some form of coalition
let's mention germany. germany's going to contract in the fourth quarter. the trade data was weak. the bund bank lowered its forecast. we're also watching the greek bond buyback. they've extended the deadline to 5:00 a.m. new york time tomorrow, because they didn't get enough people offering to sell their bonds at that deep discount. those two stories, those two stories in the background. let's check the close. >> the european markets are closing now. >> well, you don't have to be...
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Dec 26, 2012
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the big day is the september 11th elections in germany and germany could be harder after the election. in the first half is the sent ceiling discussion and finally profits, personal income and production, if those can do better than the markets can lift but right now the view is for a nothing market from here till year end. once the seasonal increases go away, we could have tax increases rand spending cuts if we get a deal. why is that going on a headwind for the stock market? >> i think it will be. if the taxes go up, i think that's something that hurts consumer confidence. you've seen the retail sales in the last part of this season here, have sold off, and many people have said it's because of the fiscal cliff. >> kind of depressing when you say it's a nothing market between now and the end of 2013. how do you make money, if you want to see it's going to be a -- >> he knows rhyme going to say buy apple. it's up 20%, up 50% and some off a little bit. if it sells off, you'll have nice dividend stocks like ant anti--sizer, the subplatform of all of the smartphones. >> there's way to m
the big day is the september 11th elections in germany and germany could be harder after the election. in the first half is the sent ceiling discussion and finally profits, personal income and production, if those can do better than the markets can lift but right now the view is for a nothing market from here till year end. once the seasonal increases go away, we could have tax increases rand spending cuts if we get a deal. why is that going on a headwind for the stock market? >> i think...
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Dec 19, 2012
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., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morn 24 hours. zero heartburn. >>> welcome back. states are brace for huge cuts in aid from washington if we go over the fiscal cliff, particularly illinois. some government experts say the state could lose $1 billion in federal revenue. higher than for other states. the pew center is saying that that's because illinois gets 8.5% of its revenue from federal sources, above the 6.6% national aver
., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. we don't let frequent heartburn come between us and what we love. so if you're one of...
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Dec 4, 2012
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i mean, look at germany up 22%. we take that for our performance out of our market this year but the reason that the world is waiting is if we really do push all the way up until the cliff and a decision is not made with a little bit of a look back until 2013 even if the rates remain roughly the same, i think we're dancing with the devil there and the rest of the world is already making decisions. we've seen it from the dividend pairs and so forth and the acceleration, larry el some and everyone else accelerating or declaring specials. i think all of that is potential negative going forward to 2013. >> now, guys, the market is negle negative across the board. do you agree with what both jerrod and tony made the argument as long as we get a bit of the framework in place, before the end of the year, that the market doesn't go down, in my words, hard, which he didn't think it would. what do you think? >> i don't think it goes down hard. i think it's a little bit like a down grade of the u.s. debt. our debt gets downgra
i mean, look at germany up 22%. we take that for our performance out of our market this year but the reason that the world is waiting is if we really do push all the way up until the cliff and a decision is not made with a little bit of a look back until 2013 even if the rates remain roughly the same, i think we're dancing with the devil there and the rest of the world is already making decisions. we've seen it from the dividend pairs and so forth and the acceleration, larry el some and...
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Dec 10, 2012
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not made in japan, not made in germany, not made in china, not made in the u.s. made in the world. 60% of trading manufacturers is in some -- the import content of exports at rate worldwide was 20% years ago, is 40% now and might be 60% 20 years from now. so it's a totally different world from the one many people have in mind where, you know, your country was producing country which my country was consuming and this was a sort of relationship, hands, export this, import that. in this world, the global value changes. you need to import in order to export and use your competitive advantage. so it's a different pattern and i think this has consequences which most governments have, i think, not yet really realized, which is why we've launched this initiative together with the oecd to sort of measure trading at a value and we will probably be unveiling the first batch of trade in value added numbers mid january. our statistical missions are working extremely hard. these guys won't have a great christmas break, but i think that will look very, very, very difference fro
not made in japan, not made in germany, not made in china, not made in the u.s. made in the world. 60% of trading manufacturers is in some -- the import content of exports at rate worldwide was 20% years ago, is 40% now and might be 60% 20 years from now. so it's a totally different world from the one many people have in mind where, you know, your country was producing country which my country was consuming and this was a sort of relationship, hands, export this, import that. in this world, the...
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Dec 17, 2012
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the bundesbank, whatever it is over in germany, 44 basis points to 31. so that market moved. did have some movements in the market but you guys didn't pick it up. but it's important because it's important because you've got these series of puts over in europe. you've got the u.s. going, the series of puts in europe. relatively easy money. we expect some tightening at the year end but we didn't get them. i'm talking about bond markets. you see how spain, italy traded. so we're kind of nervous. the street is kind of out of paper so they can't screw it up right now. oh, shoot. i forgot to say hi to my mom! hi, mom! so that's important. because she'll get really mad if i don't. so, you have -- so you have -- >> you haven't said anything bad yet. it all sounds good. >> i'll tell you bad stuff if you want to hear it. >> no, we don't want to hear it. >> bottom line, joe, there's a trillion dollars, you got more money coming in of stimulus, and i got this market next year. so i got all kinds of different markets right now. i got credit markets which we know a lot about. we're really
the bundesbank, whatever it is over in germany, 44 basis points to 31. so that market moved. did have some movements in the market but you guys didn't pick it up. but it's important because it's important because you've got these series of puts over in europe. you've got the u.s. going, the series of puts in europe. relatively easy money. we expect some tightening at the year end but we didn't get them. i'm talking about bond markets. you see how spain, italy traded. so we're kind of nervous....
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Dec 6, 2012
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germany up on the right, a good gain up over 1%, the italian market falls by 1%. silvio berlusconi is back in italian politics proving he still runs his party and withdrawing support from mario monti. this may lead to midterm elections because monti is market friendly you might not end up with a market friendly solution. we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now stalled at this stage. remember we had the auction in spain yesterday and the yields are slightly higher relative to where we've been, they're still relatively depressed. we talk about the problems in europe, i thought it was worth pointing out amidst all the
germany up on the right, a good gain up over 1%, the italian market falls by 1%. silvio berlusconi is back in italian politics proving he still runs his party and withdrawing support from mario monti. this may lead to midterm elections because monti is market friendly you might not end up with a market friendly solution. we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge...
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., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. fwl >> coming up, still no deal to avoid the fiscal cliff. senators ron johnson and bob corker, if a bargain is still possible organization if the fiscal cliff is now inevitable? plus a "squawk" market master is going to tell us how equities will react. mohamed el-erian is going to be coming on to weigh in. and 2012 marked a real turnaround in housing. major mortgage settlement gave thousands of borrowers a break on debt and a bottom in home prices pushed would-be buyers off the fence. here's diana olick with the outlook for real estate in 2013. >> the housing market will continue on the road to recovery, barring any unforeseen economic disasters. t
., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. fwl >> coming up, still no deal to avoid the fiscal cliff. senators ron johnson...
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Dec 3, 2012
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a 52-week high in france and germany. our road map this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing data out of china. not bad. 50.6. that's the highest in seven months. although shanghai again trades lower even europe's pmi improves a touch in november. first up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. t
a 52-week high in france and germany. our road map this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing data out of china. not bad. 50.6. that's the highest...
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. >> germany went to the five-year high. we could have that, too. unlike them, our economy is not in tatters. they go five-year high on tatters. audi, good car. >> yes. good car. >> meantime, shares of costco this morning up in the premarket. warehouse retailer earned 95 cents a share in the first fiscal quarter. revenue, profit margins beating forecasts helped by rising sales. those higher membership fees did hike fees a year ago november, which doesn't happen very often. the journal today says, model looks great. the business is great. the stock is just -- people want to pay a lot of money for it, jim. >> oh, yeah, costco, those are remarkable numbers. i know you did an excellent special on coastco and it seems like the execution was impressive. people want to go there. >> as gas prices come down, that helps them, given they make it a bit of a loss leader. valuation rich for your blood. >> when you go to buy a house, you see kirkland more than any other brand. you can say, jim, that's not even -- i mean, what percent -- i am a real fan customer fo
. >> germany went to the five-year high. we could have that, too. unlike them, our economy is not in tatters. they go five-year high on tatters. audi, good car. >> yes. good car. >> meantime, shares of costco this morning up in the premarket. warehouse retailer earned 95 cents a share in the first fiscal quarter. revenue, profit margins beating forecasts helped by rising sales. those higher membership fees did hike fees a year ago november, which doesn't happen very often. the...
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so the theme that is emerging, while germany even showed some signs perhaps of strength in its service sector, there's still concern about global growth prospects. for that reason, all the more reason why perhaps it's important for policymakers to be proactive, including mario draghi. back over to you guys. >> thank you for that. who is going to be the squawk perpendicular of the year, joe? >> you mean if we pick one? >> if we pick one. >> we have to pick one that's not obvious. >> like mcafee, maybe. i had an opportunity to pick business person of the year and i picked richard scrusi. it's so hard to find an honest cfo. remember the guy that helped out? i think he was on his way up the river or something. you have to pick it so there's an edge to it. >> like leo apatae or something like that. >> no, like mcafee. i didn't mention that, but he may get the squawk person of the year award today. it depends on how he answers your probing -- your father was a litigator, right? >> that's true. >> what we want to see today. that's what we want to see. >> okay. >> i want to see him wither unde
so the theme that is emerging, while germany even showed some signs perhaps of strength in its service sector, there's still concern about global growth prospects. for that reason, all the more reason why perhaps it's important for policymakers to be proactive, including mario draghi. back over to you guys. >> thank you for that. who is going to be the squawk perpendicular of the year, joe? >> you mean if we pick one? >> if we pick one. >> we have to pick one that's not...
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russia 1.43 and germany, 1.41. at the very bottom of the list, other than certain countries where the information is not available, the bottom of this list was singapore at .78. i know we're dealing with so many issues nowadays and i blow a gasket over many of them, whether fiscal cliff, unfunded liabilities, at some point, growth is the answer. when you start considering where the engines of growth have been and what their population declines may be, it makes one wonder, where is the horsepower from global growth will come from and this at some point needs to affect the picks in your stock portfolio. back to you. >> rick, i'll take it from you, rick santelli. >>> even starbucks is worried about the fiscal cliff. and we'll take you live to one of those location as they launch their initiative. back in two. to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how
russia 1.43 and germany, 1.41. at the very bottom of the list, other than certain countries where the information is not available, the bottom of this list was singapore at .78. i know we're dealing with so many issues nowadays and i blow a gasket over many of them, whether fiscal cliff, unfunded liabilities, at some point, growth is the answer. when you start considering where the engines of growth have been and what their population declines may be, it makes one wonder, where is the...